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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, August 6, 2010

Telecom Italia Slows Sales Slide

Hit by declining sales in the Italian market, Telecom Italia said that its revenues fell 5.3% year-on-year, on an organic basis, to 6.81 billion euros in the second quarter. But in its Brazilian unit, sales rose 2.1% in the first half of 2010 on an organic basis.

Telecom Italia said it is seeing a "steady and continued recovery" in organic service revenues, which declined 3.4% year-on-year in the second quarter of 2010, following a decline of 4.1% in the first quarter and 6.2% in the fourth quarter of 2009.

The Rome-based operator forecast that its organic revenues will fall by between 2% and 3% in 2010, while capex for the full year is set to come in at 4.3 billion euros, compared with 4.54 billion in 2009. source: Telecom Italia statement

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